Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Noticed u sold out of WSG...always seems jam 2mr with them... for some reason.....
Ejackson, the difference of course is that he never actually made an offer for Debenhams despite the pretence. It is the mandatory offer that is anchoring our share price to the offer price, the fact that SPD have chosen to extend the offer of acceptance deadline is the scandal. With such a low take up of the offer, SPD should not be permitted to extend the deadline further as this whole process is clearly affecting the movement of our share price.
...has given us a flavour of what’s to come.
I sense it’s going to get ugly despite the obvious message delivered to MA in only 1% of remaining shareholders taking up his pathetic offer.
I trust our board has the strength and resolve to stand up to this corporate bully boy. If he really wants to buy us out, time to put up or shut up.
None of our larger shareholders of one per cent and above has accepted the mandatory offer. Norges Bank has reduced by 0.79 per cent in recent weeks, can we assume that the 0.98 per cent that SPD has managed to buy is from the Norges sale ?
Elsewhere the former barrow boy claims that the Debenhams situation is a national scandal. Does that qualify our situation at Findel as a local scandal ?
SPD has managed to squeeze another 0.98% of shares from misguided Findel shareholders. As a result of this SPD is extending the date by which shareholders can accept their mandatory offer to 1pm on the 24th April. Now over to our board of directors to respond with a financial year end update to lift the share price away from the offer price of £1.61.
Yes....i think u might be right.....if he doesn't get his hands on DEBS soon....imo
FDL...or....GMD
In previous years these are the dates that the board have released their statements -
17 April 2018
6 April 2017
24 March 2016
31 March 2015
1 April 2014
8 April 2013.
Given the potential takeover threat, I really think the board should be updating shareholders now that the 2018/19 financial year is complete.
don't you think SD will make an offer?
We notice u keep posting about Game everywhere....lol....u devil...hehehe
I don’t think Sports Direct really wanted to take the whole of the business over. I believe they just couldn’t resist another six million shares at such an extraordinarily low price. This of course compelled them to make a mandatory offer as they crossed the thirty per cent threshold. To offer the lowest price that they could get away with indicated to me that they had not really intended to buy the business, they had merely taken the opportunity to buy some very under priced shares in a very strong business.
For our board to indicate such a firm price is I think our board making sure that this mandatory offer process is concluded next Tuesday without further doubt. It is common knowledge that Sports Direct do not pay full market price for anyone or anything. When all our shareholders large and small formally reject this ridiculous offer next week we can all be certain that there will be no further counter offers.
Finally I am rather hoping that the board issue their end of year trading update this week just to endorse how low this mandatory offer really is.
I was reflecting on The Board's rejection of the offer letter and in particular how they have seemingly gone out of their way to put a price on the company. I cant recall a company on the receiving end of a bid effectively naming a price so early on in the process and wonder why they would have done this.
My two possible answers are that:
1) They know SPD will pay up and want to avoid a drawn out bidding process which would damage morale, harm the business and lead to a reduction in revenue/ profit and therefore play into MA's hands of a successful lower offer being accepted.
2) They want to draw another bidder or bidders into the process and to do so, believed it would be advantageous to give guidance on what they would recommend to shareholders. This might well have been after a conversation with Schroders to establish their exit strategy.
Any other thoughts welcomed and not too long to wait and see just how many investors feel the offer price is fair....
One final point to reflect on, I really do hope Liam Rowleys presence at Board meetings has been revoked given the situation we are in. I have previously posted my total displeasure at him being allowed to have access to such sensitive financial information and I will wager his fingerprints are all over this deal.
Time for the fox to leave the hen coop comes to mind.....
if Ashley will now bid for game
I am delighted to note that Schroders will be rejecting the Sports Direct mandatory offer. Excellent news.
Sports Direct have already made a mandatory bid for Findel. The difference here is we are now a strong profitable business. The SPD offer significantly under values our business and is entirely unwelcome. Findel shareholders have until next Tuesday 9th April to accept or reject this derisory offer. Not much else to discuss really.
Debenhams shareholders will come to discover that dining with the devil can have serious consequences on the value of their investments.
Quiet on hear considering sports direct and MA bid for the company.
Seeing as Debenhams bb is going to probably clock up a 1,000 posts today or close to it..
How deep are his pockets should he table a firm bid for both companies?
That’s a relief, our own broker. Phew !
Heaven forbid,hope not skindle,be glad when all this mallarchy is done and dusted.
I really hope the buyer wasn’t Sports Direct Columbo.
Those pesky market makers are trying to grind us down,until the offer closes on the 9th april we will probably be rooted to 1.60 ish.
Assuming the buyer is the same for both transactions, one million shares is equivalent to 1.15%. Any holder above 1% during this offer period is obliged to report their position I believe. I find it frustrating that the purchase of one million shares does not move the share price but selling 58 shares pushes the price down !!
i received my letter from findel today telling me not to sell which i havent,and the toscafund sale has depressed our share price,having had a good read of it,everything looks rosy,apart from the directors only holding 0.57% of the total,i just feel they need to put there money were there mouth is,anything to stop ashley from getting to 50%,sports direct are beginning to be a bit like thrush to findel,will let you work that one out for yourselves,ha,
Thanks skindle just noticed the 2 large trades,is it a newby jumping onboard or someone topping up,we should find out in an holdings rns.interesting times ahead.
Two 500,000 share trades today at 161 pence. Has someone finally recognised our extraordinary value ?
Isn’t it ironic that over at Debenhams both the board and shareholders are desperate for Sports Direct to make a firm offer for the business while here at Findel both the board of directors and the majority of shareholders wish he had never invested in our business in the first place. Mr Ashley today stated that the advisors to Debenhams “should be jailed”. The pot calling the kettle black comes to mind. Mr Ashley is blatantly trying to wrestle our business away from us for as much as fifty per cent below its true value. He has no interest In anyone or anything except his own self gain. Please God forbid our larger shareholders from accepting this insulting offer.
Well set out and essentially saying, we are trading very well thank you and our future is rosy but our SP has been dragged down by two large institutional sellers, the latter of which was in significant distress. If SPD want to go away and offer something sensible starting with a 3, then we will talk.
My immediate concern is that the SP has done nothing to support the Board's statement and seems wedded to SPD's offer price. I can only hope that the 50% is not breached and then the market might start to be more responsive.
MA-Now pay up goooood Sir...if u want our FDL....in ya pocket.....